Whyalla has been named the next Gladstone of South Australia and is primed for growth in 2012, according to a number of leading hotspotting experts.
The South Australian town was listed in Smart Property Investment’s Fast 50 report and was recently named ‘Rising star in 2012’ by Hotspotting.com.au founder Terry Ryder.
“Whyalla will step up in 2012 to assume its role as the Gladstone of South Australia,” Mr Ryder told Smart Property Investment.
“It’s the largest regional centre in the state, it’s affordable and it will play a key i role in the $30 billion expansion of Olympic Dam,” he said.
“A new export port is being planned there, as well as a $1 billion rare earths processing plant.”
The median house and unit price in Whyalla is $297,500 and $160,000, respectively, according to RP Data.